8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 30, 2013

General Motors Financial Company, Inc.

(Exact name of registrant as specified in its charter)

Texas	1-10667	75-2291093
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

801 Cherry Street, Suite 3500, Fort Worth, Texas 76102

(Address of principal executive offices, including Zip Code)

(817) 302-7000

(Registrant’s telephone number, including area code)

(Not Applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 30, 2013, General Motors Financial Company, Inc. (the “Company”) issued a press release announcing the results of operations for the quarter ended September 30, 2013. A copy of the press release and the presentation slides are attached as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K.

The Company will conduct an earnings conference call October 30, 2013 at 12:00 noon Eastern Time. Interested persons may register to listen to the call at the Company’s website, www.gmfinancial.com. The call will also be available on demand at this website.

This information furnished in this Item 2.02, including the Exhibits attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.	Description of Exhibit
99.1	Press Release dated October 30, 2013, entitled “GM Financial Reports September Quarter Operating Results”
99.2	Presentation slides for earnings conference call dated October 30, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		General Motors Financial Company, Inc.
		(Registrant)
Date: October 30, 2013	By:	/s/ CHRIS A. CHOATE
		Chris A. Choate
		Executive Vice President, Chief Financial Officer and Treasurer

EX-99.1

Exhibit 99.1

GM FINANCIAL REPORTS SEPTEMBER QUARTER OPERATING RESULTS

• Earnings of $161 million

• Consumer loan and lease originations of $3.2 billion

• End of period earning assets of $27.6 billion

• Results reflect acquisition of international operations through quarter-end

FORT WORTH, TEXAS October 30, 2013 – GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced earnings of $161 million for the quarter ended September 30, 2013, compared to $123 million for the quarter ended September 30, 2012. Earnings for the nine months ended September 30, 2013 were $445 million, compared to $372 million for the nine months ended September 30, 2012. Earnings include $7 million and $29 million in pre-tax acquisition and integration expenses for the quarter and nine month period ended September 30, 2013, respectively.

Consumer loan originations were $2.5 billion for the quarter ended September 30, 2013, compared to $2.5 billion for the quarter ended June 30, 2013, and $1.5 billion for the quarter ended September 30, 2012. Consumer loan originations for the nine months ended September 30, 2013 were $6.3 billion, compared to $4.4 billion for the nine months ended September 30, 2012. The outstanding balance of consumer finance receivables totaled $19.3 billion at September 30, 2013.

Consumer loan originations in North America for the quarter and nine month period ended September 30, 2013 were $1.3 billion and $4.0 billion, respectively.

Operating lease originations of General Motors Company (“GM”) vehicles were $727 million for the quarter ended September 30, 2013, compared to $834 million for the quarter ended June 30, 2013 and $299 million for the quarter ended September 30, 2012. Operating lease originations for the nine months ended September 30, 2013 were $2.2 billion, compared to $1.1 billion for the nine months ended September 30, 2012. Leased vehicles, net, totaled $3.1 billion at September 30, 2013.

-MORE-

The outstanding balance of commercial finance receivables was $5.2 billion at September 30, 2013 compared to $4.9 billion at June 30, 2013 and $560 million at December 31, 2012. The outstanding balance of the North America commercial finance receivables at September 30, 2013 was $1.4 billion.

Consumer finance receivables 31-to-60 days delinquent were 3.8% of the portfolio at September 30, 2013, compared to 5.2% at September 30, 2012. Accounts more than 60 days delinquent were 1.5% of the portfolio at September 30, 2013, compared to 1.9% a year ago. Consumer finance receivables 31-to-60 and more than 60 days delinquent for North America were 6.0% and 2.2%, respectively, at September 30, 2013.

Annualized net credit losses were 1.9% of average consumer finance receivables for the quarter ended September 30, 2013, compared to 2.5% for the quarter ended September 30, 2012. For the nine months ended September 30, 2013, annualized consumer net credit losses were 1.9%, compared to 2.2% last year. Annualized net credit losses for North America as a percent of average North America consumer finance receivables were 2.8% and 2.5%, respectively, for the three and nine months ended September 30, 2013.

The Company had total available liquidity of $4.5 billion at September 30, 2013, consisting of $1.8 billion of unrestricted cash, approximately $1.9 billion of borrowing capacity on unpledged eligible assets, $249 million of borrowing capacity on unsecured lines of credit and $600 million on a line of credit from GM.

The Company acquired Ally Financial’s auto finance and financial services operations in Germany, the United Kingdom, Italy, Sweden, Switzerland, Austria, Belgium, the Netherlands, Greece, Spain, Chile, Colombia and Mexico on April 1, 2013 and acquired Ally Financial’s auto finance and financial services operations in France and Portugal on June 1, 2013. The results of operations of the acquired entities since the applicable acquisition dates are included in the results for the three and nine months ended September 30, 2013. The information provided below in the Consolidated Statements of Income, the Consolidated Balance Sheets and the accompanying operational and financial data for the three and nine months ended September 30, 2012 represent only operations in North America. Furthermore, the presentation convention has been changed from “thousands” to “millions” to simplify the review and analysis of the financial information. Some prior period amounts may not round under the new convention in a manner consistent with the previous presentation.

2

About GM Financial

General Motors Financial Company, Inc. is the captive finance company for and a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.gmfinancial.com.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements which are the Company’s current views with respect to future events and financial performance. These forward-looking statements are subject to many assumptions, risks and uncertainties that could cause actual results to differ significantly from historical results or those anticipated by the Company. The most significant of these risks are detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s annual report on Form 10-K for the year ended December 31, 2012. Such risks include – but are not limited to – our ability to close the acquisition of the remaining portion of Ally Financial’s international operations that we have not already acquired and integrate the operations that we have acquired and will acquire into our business successfully, changes in general economic and business conditions, GM’s ability to sell new vehicles that we finance, our dependence on the financial condition of GM dealers, interest rate and exchange rate fluctuations, our financial condition and liquidity, as well as future cash flows and earnings, competition, the effect, interpretation or application of new or existing laws, regulations, court decisions and accounting pronouncements, the availability of sources of financing, the level of net charge-offs, delinquencies and prepayments on the loans and leases we originate, the prices at which used cars are sold in the wholesale auction markets, and changes in business strategy, including acquisitions and expansion of product lines and credit risk appetite. If one or more of these risks of uncertainties materializes, or if underlying assumptions prove incorrect, the Company’s actual results may vary materially from those expected, estimated or projected. Actual events or results may differ materially. It is advisable not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

3

General Motors Financial Company, Inc.

Consolidated Statements of Income

(Unaudited, in Millions)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Revenue
Finance charge income	$	647	$	417	$	1,709	$	1,179
Leased vehicle income		172		80		415		199
Other income		48		17		119		54
		867		514		2,243		1,432
Costs and expenses
Operating expenses		203		105		502		297
Leased vehicle expenses		133		56		314		147
Provision for loan losses		117		78		311		188
Interest expense		168		75		414		202
Acquisition and integration expenses		7				29
		628		314		1,570		834
Income before income taxes		239		200		673		598
Income tax provision		78		77		228		226
Net income	$	161	$	123	$	445	$	372

4

Consolidated Balance Sheets

(Unaudited, in Millions)

	September 30, 2013		December 31, 2012
Assets
Cash and cash equivalents	$	1,756	$	1,289
Finance receivables, net		23,867		10,998
Restricted cash		1,371		744
Property and equipment, net		124		52
Leased vehicles, net		3,100		1,703
Deferred income taxes		69		107
Goodwill		1,156		1,108
Related party receivables		111		66
Other assets		330		130
Total assets	$	31,884	$	16,197
Liabilities and Shareholder’s Equity
Liabilities
Secured debt	$	18,447	$	9,378
Unsecured debt		5,228		1,500
Accounts payable and accrued expenses		594		217
Deferred income		157		70
Deferred income taxes		64
Taxes payable		126		93
Related party taxes payable		598		559
Other liabilities		153		1
Related party payable		357
Total liabilities		25,724		11,818
Shareholder’s equity		6,160		4,379
Total liabilities and shareholder’s equity	$	31,884	$	16,197

5

Operational and Financial Data

(Unaudited, Dollars in Millions)

	Three Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Consumer loan originations	$	1,270	$	1,233	$	2,503	$	1,478
GM lease originations	$	727			$	727	$	299
GM new vehicle loans and leases as a percent of total loan and lease originations		56.0%		85.0%		67.1%		43.5%

	Nine Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Consumer loan originations	$	3,980	$	2,350	$	6,330	$	4,363
GM lease originations	$	2,180			$	2,180	$	1,077
GM new vehicle loans and leases as a percent of total loan and lease originations		55.5%		85.4%		63.7%		44.5%

6

	Three Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Average consumer finance receivables	$	11,438	$	7,448	$	18,886	$	10,657
Average commercial finance receivables		1,244		3,781		5,025		222
Average finance receivables		12,682		11,229		23,911		10,879
Average leased vehicles, net		2,883		4		2,887		1,483
Average earning assets	$	15,565	$	11,233	$	26,798	$	12,362
	Nine Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Average consumer finance receivables	$	11,281	$	4,801	$	16,082	$	10,241
Average commercial finance receivables		998		2,428		3,426		98
Average finance receivables		12,279		7,229		19,508		10,339
Average leased vehicles, net		2,393		4		2,397		1,227
Average earning assets	$	14,672	$	7,233	$	21,905	$	11,566
	September 30, 2013						December 31, 2012
	North America		International		Total		North America
Consumer finance receivables	$	11,467	$	7,797	$	19,264	$	10,993
Commercial finance receivables		1,357		3,889		5,246		560
Leased vehicles, net		3,097		3		3,100		1,703
Ending earning assets	$	15,921	$	11,689	$	27,610	$	13,256

7

	September 30, 2013									December 31, 2012
	North America			International			Total			North America
Consumer
Pre-acquisition consumer finance receivables - outstanding balance	$	1,154		$	445		$	1,599		$	2,162
Pre-acquisition consumer finance receivables - carrying value	$	1,028		$	424		$	1,452		$	1,958
Post-acquisition consumer finance receivables, net of fees		10,313			7,352			17,665			8,831
		11,341			7,776			19,117			10,789
Less: allowance for loan losses		(453	)		(14	)		(467	)		(345	)
Total consumer finance receivables, net		10,888			7,762			18,650			10,444
Commercial
Commercial finance receivables, net of fees		1,355			3,812			5,167			560
Commercial finance receivables, individually evaluated for impairment, net of fees		2			77			79
Less: allowance for loan losses - collective		(12	)		(13	)		(25	)		(6	)
Less: allowance for loan losses - specific		(1	)		(3	)		(4	)
Total commercial finance receivables, net		1,344			3,873			5,217			554
Total finance receivables, net	$	12,232		$	11,635		$	23,867		$	10,998

8

	September 30, 2013						December 31, 2012
	North America		International		Total		North America
Allowance for loan losses as a percentage of post-acquisition consumer finance receivables		4.4%		0.2%		2.6%		3.9%
Allowance for loan losses as a percentage of commercial finance receivables		1.0%		0.4%		0.6%		1.1%
	September 30, 2013						September 30, 2012
	North America		International		Total		North America
Loan delinquency as a percent of ending consumer finance receivables:
31 - 60 days		6.0%		0.6%		3.8%		5.2%
Greater than 60 days		2.2		0.6		1.5		1.9
Total		8.2%		1.2%		5.3%		7.1%

The Company analyzes portfolio performance of both the pre-acquisition and post-acquisition consumer finance receivable portfolios on a combined basis. This information allows for the ability to analyze credit loss trends of the combined portfolio and also facilitates comparisons of current and historical results. The following is a reconciliation of charge-offs on the post-acquisition consumer finance receivable portfolio to credit losses on the combined portfolio (in millions):

	Three Months Ended
	September 30,
	2013						2012
	North America(a)		International		Total		North America(a)
Charge-offs	$	153	$	18	$	171	$	82
Adjustments to reflect write-offs of the contractual amounts on the pre-acquisition portfolio		34		4		38		67
Total credit losses	$	187	$	22	$	209	$	149
	Nine Months Ended
	September 30,
	2013						2012
	North America(a)		International		Total		North America(a)
Charge-offs	$	401	$	18	$	419	$	186
Adjustments to reflect write-offs of the contractual amounts on the pre-acquisition portfolio		123		9		132		236
Total credit losses	$	524	$	27	$	551	$	422

(a) Total credit losses on the portfolio in the North American segment is comprised of the sum of repossession credit losses and mandatory credit losses.

9

The following table presents credit loss data (which includes charge-offs on the post-acquisition portfolio and write-offs of contractual amounts on the pre-acquisition portfolios) with respect to our consumer finance receivables portfolio (dollars in millions):

	Three Months Ended
	September 30,
	2013									2012
	North America			International(a)			Total			North America
Repossession credit losses	$	180		$	18		$	198		$	139
Less: recoveries		(105	)		(15	)		(120	)		(82	)
Mandatory credit losses(b)		7			4			11			10
Net credit losses	$	82		$	7		$	89		$	67
Net annualized credit losses as a percentage of average consumer finance receivables(c):		2.8%			0.4%			1.9%			2.5%
Recoveries as a percentage of gross repossession credit losses:		58.7%									59.2%

	Nine Months Ended
	September 30,
	2013									2012
	North America			International(a)			Total			North America
Repossession credit losses	$	519		$	18		$	537		$	418
Less: recoveries		(313	)		(15	)		(328	)		(257	)
Mandatory credit losses(b)		5			9			14			4
Net credit losses	$	211		$	12		$	223		$	165
Net annualized credit losses as a percentage of average consumer finance receivables(c):		2.5%			0.4%			1.9%			2.2%
Recoveries as a percentage of gross repossession credit losses:		60.3%									61.5%

(a) Repossession credit losses for the international segment represent the write-down of receivables to net realizable value, net of any recovery payments received. As a result, a calculation of recoveries as a percentage of gross repossession credit losses is not meaningful.

(b) Mandatory credit losses represent accounts 120 days delinquent in the post-acquisition portfolio that are charged off in full, with no recovery amounts realized at time of charge-off, net of any subsequent recoveries as well as the net write-down of consumer finance receivables in repossession to the net realizable value of the repossessed vehicle when the repossessed vehicle is legally available for sale.

(c) Average consumer finance receivables are defined as the average daily receivable balance excluding the carrying value adjustment.

10

	Three Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Annualized operating expenses as a percent of average earning assets(a)		3.0%		3.0%		3.0%		3.4%

	Nine Months Ended
	September 30,
	2013						2012
	North America		International		Total		North America
Annualized operating expenses as a percent of average earning assets(a)		3.1%		3.1%		3.1%		3.4%

(a) Excluding lease and acquisition and integration expenses

Investor Relations contacts:

Susan Sheffield

(817) 302-7355

Stephen Jones

(817) 302-7119

11

EX-99.2

October 30, 2013

3

rd

Quarter 2013 Earnings Call

Exhibit 99.2

2

Safe Harbor Statement

This presentation contains several “forward-looking statements”. Forward-looking statements are those

that use words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “may”, “likely”, “should”,

“estimate”, “continue”, “future” or other comparable expressions. These words indicate future events and

trends. Forward-looking statements are General Motors Financial Company, Inc.’s (the “Company’s”)

current views with respect to future events and financial performance. These forward-looking statements

are subject to many assumptions, risks and uncertainties that could cause actual results to differ

significantly from historical results or from those anticipated by the Company. The most significant risks

are detailed from time to time in the Company’s filings and reports with the Securities and Exchange

Commission, including the Company’s Report on Form 10-K for the year ended December 31, 2012.

Such risks include - but are not limited to - our ability to close the acquisition of the remaining portion of

Ally Financial Inc.’s international operations and integrate those operations that we have acquired and

will acquire into our business successfully, changes in general economic and business conditions, GM’s

ability to sell new vehicles that we finance, interest rate fluctuations, our financial condition and liquidity,

as well as future cash flows and earnings, competition, the effect, interpretation or application of new or

existing laws, regulations, court decisions and accounting pronouncements, the availability of sources of

financing, the level of net credit losses, delinquencies and prepayments on the loans and leases we

originate, the prices at which used cars are sold in the wholesale auction markets, and changes in

business strategy, including acquisitions and expansion of product lines and credit risk appetite. If one or

more of these risks of uncertainties materializes, or if underlying assumptions prove incorrect, actual

events or results may differ materially. It is advisable not to place undue reliance on the Company’s

forward-looking statements. The Company undertakes no obligation to, and does not, publicly update or

revise any forward-looking statements, except as required by federal securities laws, whether as a result

of new information, future events or otherwise.

3

rd

Quarter Highlights

•

Operating Results

–

North American total loan and lease originations up 12.4% year-over-year

•

International origination levels higher driven by UK

–

Credit metrics in North America are normalizing and still low by

historical standards

–

Profitability remains solid with $239M in pre-tax earnings in the quarter

•

Acquisition Update

–

On October 1

st

, Ally’s auto finance and financial services business in Brazil

was acquired for $611M

•

Total portfolio acquired was $4.3B

–

Consumer, $3.5B

–

Commercial, $0.8B

•

Annual consumer

credit losses less than 2.0%

–

Overall, integration of the international operations is going smoothly

3

Key Metrics –

September 2013 Quarter

4

($MM)

North

America

1

International

2

Total Co.

Earnings Before Tax

$175

$63

$239

3

Ending Earning Assets

$15,921

$11,689

$27,610

Total Originations

(Loan & Lease)

$ 1,997

$ 1,233

$ 3,230

GM as a % of Total Originations

56.0%

85.0%

67.1%

Annualized Net Credit Loss as a % of Avg.

Consumer Finance Receivables

2.8%

0.4%

1.9%

1.

United States and Canada

2.

Beginning April 1, 2013, Germany, the United Kingdom, Italy, Sweden, Switzerland,

Austria,  Belgium, the Netherlands, Chile, Colombia, Mexico, Spain, Greece and beginning

June 1, 2013,  France and Portugal

3.

Reflects net impact of intercompany allocations

North America –

GM and GMF Penetration Statistics

5

GM

Industry Average

(excluding GM)

Sep-10

Sep-13

Sep-10

Sep-13

Sales Penetrations

U.S. Subprime Loans

4.8%

7.8%

4.6%

6.1%

U.S. Leases

8.6%

21.3%

20.5%

24.1%

Canada Leases

2.1%

8.1 %

13.8%

19.1%

GM / GMF Linkage

GM as % of GMF  Loan and Lease Originations

(GM New / GMF Consumer Loan & Lease)

15.7%

56.0%

GMF as % of GM U.S. Subprime

27.6%

29.2%

GMF as % of GM U.S. Lease

(1)

--

16.9%

GMF wholesale dealer penetration

(1)

--

4.7%

1.

GM

Financial

did

not

offer

a

lease

or

commercial

lending

product

when

acquired

by

GM.

The

lease

product

was

launched

in

the

U.S.

and

Canada

in

Q4 2010 and Q2 2011, respectively.  Commercial lending was launched in the U.S. and Canada in Q2 2012 and Q1 2013, respectively.

6

North America –

Loan Origination Volume

•

Lower volume in September quarter compared to June quarter follows

normal seasonal pattern

•

Competitive dynamics impacted year-over-year results

–

Competition

is

driving

extended

loan

terms,

higher

loan

to

value

and

reduced

pricing in the market

–

GM Financial is maintaining credit and pricing discipline

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

Sep-12

Dec-12

Mar-13

Jun-13

Sep-13

Quarterly

($MM)

Loans originated on

new vehicles by GM

dealers

Loans originated on

used vehicles by

GM dealers

Loans originated on

vehicles by

$809

$677

$794

$749

$722

$194

$169

$173

$151

$156

$475

$370

$392

$451

$392

$1,270

$1,478

$1,216

$1,359

$1,351

Non-GM dealers

North America –

Consumer Loan Credit Performance

7

NA Annualized

quarterly net credit

losses

NA 31-60 day

delinquency

NA 61+ day

delinquency

•

Credit metrics impacted by seasonality and normalizing of the credit

environment

–

Credit metrics remain near historically low levels

–

Performance of GM new remains in line to better than performance

of non-GM

Recovery Rate

58.7%

1.0%

2.0%

3.0%

4.0%

5.0%

59.2%

55.6%

60.5%

62.2%

0.0%

Sep-12

Dec-12

Mar-13

Jun-13

Sep-13

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Credit Metrics

2.5%

3.3%

2.6%

2.1%

2.8%

North America –

Lease Originations

8

•

Continued growth of lease product in both U.S. and Canada

Year-over-year volume more than doubled, with U.S. up substantially 

•

Credit performance reflects the predominantly prime credit profile of the portfolio

At September 30, 2013, 99% of our leases were current with minimal defaults to date

$299M

$727M

$188

$203

$535

$657

$577

$111

$62

$86

$177

$150

$1.6B

$1.7B

$2.1B

$2.7B

$3.1B

-1000

0

1000

2000

3000

$0

$200

$400

$600

$800

$1,000

$1,200

Sep-12

Dec-12

Mar-13

Jun-13

Sep-13

U.S. Lease Volume ($MM)

Canada Lease Volume ($MM)

Lease Portfolio ($B)

Lease Origination Volume

9

North America –

Commercial Lending

•

Expect

a

lift

in

penetration

of

GM

dealers

with

rollout

of

prime

lending

product

in

mid

2014

•

Floorplan financing represented the largest share of the portfolio at 87%

57

108

155

208

252

0

40

80

120

160

200

240

280

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

Sep-12

Dec-12

Mar-13

Jun

-13

Sep-13

Commercial Finance Receivables Oustanding

Number of Dealers

$306

$606

$883

$1,169

$1,357

International Operations–

GM and GMF Penetration Statistics

10

Jun-13

Sep-13

Sales Penetrations

GMF as a % of GM Retail Sales

30.3%

32.2%

Europe

27.6%

30.9%

Latin America

36.0%

34.7%

GMF wholesale dealer penetration

94.9%

95.2%

Europe

97.7%

97.6%

Latin America

88.0%

89.8%

GM / GMF Linkage

GM as % of GMF  Consumer Originations

(GM New / GMF Consumer Loan)

86.0%

85.0%

Europe

79.7%

80.8%

Latin America

96.1%

96.0%

International Operations–

Consumer

11

•

Higher GM penetration rates in

continental Europe offset lower

industry volumes

•

Credit performance is stable and

consistent with prime quality of the

portfolio

–

Annualized quarterly net credit losses

of 0.4%

–

31-60 day delinquencies of 0.6%

–

61+ day delinquencies of 0.6%

Other 

14%

Latin

America

Europe

Other

17%

Other

14%

Other 7%

Other 8%

U.K.

33%

Mexico

18%

September 2013 Quarter

Originations

$1.2B

Germany

28%

U.K.

25%

Mexico

13%

At September 30, 2013

Portfolio Balance

$7.8B

Germany

37%

International Operations–

Commercial

12

•

Total commercial lending balance up $100M

from the June 2013 quarter

•

Floorplan financing continues to represent the

largest share of the portfolio at 97%

•

Commercial credit performance stable in

Europe

U.K.

25%

Germany

25%

Other

31%

Mexico

15%

Other

4%

At September 30, 2013

$3.9 B

Europe

Latin

America

13

Financial Results –

Earnings Before Taxes ($MM)

Three Months Ended September 30,

Nine months ended September 30,

Note: Results from international operations are reflected beginning in Q2 2013

from the date of their acquisition

1.

Total Co. reflects net impact of intercompany allocations

$239

$200

$175

$200

$63

$673

$598

$564

$598

$100

2013

2012

2013

2012

Total Co.

North America

International

Total Co.

North America

International

1

1

14

Financial Results –

Allowance for Loan Losses

Allowance for Loan Loss as a Percentage of Post-Acquisition Finance Receivables

Consumer Allowance

Commercial Allowance

North America  Only

North America  Only

•

Consumer and commercial allowance consistent with credit performance

3.5%

3.9%

4.1%

2.7%

2.6%

4.2%

4.4%

1.1%

1.2%

0.6%

1.2%

1.0%

0.0%

2.0%

4.0%

6.0%

Sep-12

Dec-12

Mar-13

Jun-13

Sep-13

Financial Results –

Operating Expenses

15

Operating

Expense

as

a

Percentage

of

Average

Earning

Assets

1

•

Operating expense ratio was 3.0% for both North America and

International in the September 2013 quarter

•

Expect operating efficiencies to continue as origination platforms gain

scale

1.

Excludes lease expense and acquisition and integration expenses

3.4%

3.1%

3.2%

3.0%

3.0%

2.5%

3.0%

3.5%

4.0%

Sep-12

Dec-12

Mar-13

Jun

-13

Sep-13

Solid Balance Sheet Metrics

16

Consumer

Lease

Consumer

Loan

Commercial

Loan

Unsecured

Debt

Secured

Debt

•

Composition of earning assets shifting to more “prime-like”

credit profile

–

Subprime loan portfolio represented ~ 40% of ending earning assets at

September 30, 2013, compared to ~ 80% at December 31, 2012

•

Debt composition continues to reflect increases in unsecured debt

–

Anticipate accessing unsecured debt market in 2014

•

Tangible net worth bolstered by $1.3B GM equity contribution

$13.3

$27.6

Dec-12

Sep-13

Ending Earning

Assets

($B)

$10.9

$23.7

Dec-12

Sep-13

Total Debt

($B)

Tangible Net Worth ($B)

$3.3

$5.0

Dec-12

Sep-13

Solid Balance Sheet Metrics

17

Other

Cash

•

Target leverage range remains at 6-8x

No change in leverage from June 2013  quarter

Pro forma leverage with Brazil’s earning assets at 9/30/13 ~6.4x

•

Current liquidity levels adequate to support growth

Pro forma liquidity post Brazil acquisition~$3.9B

1.

Earning assets to tangible net worth

2.

Liquidity includes unrestricted cash, available borrowing capacity on unpledged eligible receivables, available

borrowing capacity on committed unsecured credit lines and unused balance on GM line of credit

$2.9

$4.5

Dec-12

Sep-13

Liquidity

2

($B)

4.1x

5.5x

Dec-12

Sep-13

Leverage

1

Credit Facilities

$1.2B

Funding Overview

•

Committed credit facilities totaling $12.7B,

provided by 24 banks

–

IO –

Closed, renewed and/or re-priced seven

credit facilities totaling approximately $2.2 billion

across seven countries

–

NA –

renewed C$800M Canada lease facility

•

Unsecured uncommitted credit facilities totaled

$1.3B, of which $842M was outstanding

•

Term Financing transactions

–

Issued two public securitizations

•

AMCAR 2013-4,  $900M (US subprime)

•

E-CARAT UK 2013-1, £363M (UK retail loan)

–

Raised $750M in a private placement transaction

for U.S. lease platform

Unsecured

$5.2B

Secured

$18.5B

Credit

Facilities

$6.1B

Term Notes

$12.4B

Sr. Notes

$4.0B

18

$23.7B

9/30/2013